Housing Inventory Finally Crosses 2020 Levels. Time to Buy Before Prices Rise?
Housing inventory is hitting 4-year highs. Higher mortgage rates have gone from a curse to a blessing. Is it time to buy?
July 23, 2024 5 MIN
Housing inventory is hitting 4-year highs. Higher mortgage rates have gone from a curse to a blessing. Is it time to buy?
The Fed could look to cut rates in September, but only if inflation numbers cooperation, some of which come out Friday.
The latest inflation reading could spell better times for mortgage rates. But the Trump assassination attempt could swing rates higher this week due to the "Trump Trade."
The mortgage market awaits good as the Consumer Price Index (CPI) report and Federal Reserve Chair Jerome Powell’s testimony before Senate and House committees on Capitol Hill approaches.
Arguable the most influential economic report comes out Friday. A downbeat report could help mortgage rates, since weaker jobs data gives the Fed stable ground on which to make the rate-cut argument.
It will likely be a calm week for mortgage rates -- that is, until Friday rolls around.
Cooling inflation is helping mortgage rates. Can they hold at lower levels?
Three potentially game-changing events happen within half a day starting 8:30 ET Wednesday. Buckle up for perhaps the wildest ride for mortgage rates in recent memory.
